Gst section 9 3
WebAug 17, 2024 · A) GST liability u/s 9(3) of CGST Act, 2024 A list of goods on which GST is payable u/s 9(3) of the Act is given in the Notification no. 4/2024-CTR dated 28.06.2024 . And the category of services on … WebJun 23, 2024 · Section 9 (3) and 9 (4) basically cast the liability of GST on taxpayers on Reverse charge mechanism. Reverse charge mechanism is a mechanism under which receiver/recipient of goods/services is liable to pay tax. In layman terms, a taxpayer is liable to pay GST tax on expense/purchase bill.
Gst section 9 3
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WebJul 12, 2024 · 1-4 States and Territories are bound by the GST law: Part 1-2—Using this Act Chapter 2—The basic rules: Chapter 3—The exemptions: Chapter 4—The special rules: Division 45—Introduction: Part 4-1—Special rules mainly about particular ways entities are organised: Part 4-2—Special rules mainly about supplies and acquisitions ... WebJan 29, 2024 · Accordingly, there is no change in RCM provisions u/s 9 (4) due to applicability of amended CGST Act, 2024 as stated above, since CBIC is yet to notify the specified categories of goods or services supplied by unregistered persons to a specified class of registered taxpayers, based on recommendations of GST Council, on which …
WebJun 23, 2024 · Section 9 (3) of the CGST Act, 2024 WebAug 12, 2024 · However, Section 9 (3) covers goods which are specified (explicitly covered in the list) for the purpose of reverse charge under GST Please note the applicability of …
WebMar 30, 2024 · Section 9 (3) Reverse Charge List. Reverse Charge currently is applicable mostly on Services like. Advocate Service, Goods Transport Service, Passenger … WebNov 21, 2024 · Section 9(3) is applicable for Registered person and Section 9(4) is applicable for unregistered person. Kindly give your valuable advice about my doubt. Reply. November 23, 2024 at 3:19 pm ... Service provider must charge GST at 5%(FCM) GST without ITC . 3) Service recipient must be body corporate. If all the conditions are fulfilled …
WebJan 13, 2024 · “GSTR 9 & 9C filing for FY 2024-19 has live on the GST portal but in table 8A of GSTR 9 auto populate ITC as per GSTR 2A function is not working.” GSTN recliently stated the figures of eligible large taxpayers filing the annual return form GSTR 9 annual audit and form GSTR 9C coming to average 91% and 92% respectively till 12th February …
Web32 case laws on Section 39. For Standard operating procedure to be followed in case of non-filers of returns see Circular No. 129/48/2024-GST Central Tax dated 24 Dec, 2024. For conditions and restrictions for furnishing quarterly return from January 2024onwards by notified registered persons having an aggregate turnover of up to rupees five ... drinking molotov cocktails with gandhiWebAs per the provisions of section 9 (3) of CGST / SGST (UTGST) Act, 2024 / section 5 (3) of IGST Act, 2024, the Government may, on the recommendations of the Council,by … drinking mineral water during pregnancyWebMay 28, 2024 · In GST Regime concept of Self-Invoicing exists, in case of services prescribed u/s 9 (3)/5 (3) Self-Invoicing is must where Service Provider is unregistered while in case of RCM liability as per 9 (4)/5 (4) in all cases Self Invoicing is the need of the law. epds food supplyWeb3 (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 and at such rates, not exceeding twenty per cent., as may be … epds depression screenWeb13 rows · Section 9 of CGST Act (Levy and collection) Forward Charge: Supplier … epds electionWebSep 12, 2024 · Section 9 of the CGST Act and section 5 of the IGST Act are the charging section for levying GST on supply of goods & services where sub-section (3) & (4) contains provision for payment of GST on reverse charge basis by the recipient. The relevant provision of the section is as follows: Nature of RCM under GST drinking more than 2 litres a dayWebCBIC extends time limit under section 73(10) of CGST Act, 2024 for issuance of order under section 73(9), for recovery of tax not paid or short paid or of input tax credit wrongly availed or ... drinking mint tea everyday